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Chamath Palihapitiya Profile picture
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8 Oct, 4 tweets, 1 min read
1/ $CLOV - upgraded MA PPO rating of 3.5 Stars (vs prior 3.0 Stars) - Proud of the @CloverHealth team and excited to see what the future holds 💪
2/ Shows CLOVs ability to execute and validates their wide-open network approach to access a larger TAM compared with narrow-network plans offered by competitors
3/ Around 50% of $CLOV's membership who self-identify are those of minority background vs only 34% average for the industry
4/ How is this possible? Clover Assistant + TAM + purpose built organization focused on driving health equity = $CLOV

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More from @chamath

Chamath Palihapitiya Profile picture
11 Jul
1/ People misunderstand space and its implications. Since the Apollo project, focusing on space has allowed engineers and scientists to push the boundaries of the possible.
2/ Those advances would then find their way into our day to day lives - because when things are engineered for microscopic tolerances in space, they enable seemingly magical things on earth.
3/ We are now on the verge of a global expansion of space - from pervasive internet connectivity and interplanetary travel to space tourism.
Read 6 tweets
Chamath Palihapitiya Profile picture
11 Jun
We wrapped up our climate change competition and are pleased to announce our winners.
-1k+ applications
-180 were excellent
-35+ teams interviewed
-8 proposals stood out as particularly innovative

So we have 8 winning teams vs 3 as planned, and each will receive a $25k award.
Congrats to the winners @venkvis, @JoeRodden1, @wemple_stephen, @ethai__, @ZarekDrozda, @FryEmily, @siddshrikanth, @fnauta, @hanswesterhof, @DominicFalcao of @deepsciventures, @iammarkhammond, @DebeshSharma, and @francofelipeC!
I want to also recognize our semifinalists for their excellent proposals: @Bill_Gross, @ckalra, Caitie Reck, @vcinsd, @atmanpandya, @IPO201, and @Olya_Irzak.
Read 4 tweets
Chamath Palihapitiya Profile picture
8 Apr
The biggest risk/correlation to equity markets over the next decade has nothing to do with interest rates.

It will be carbon tariffs and it will blow up every DCF model of every company in the public markets...
Imagine a new trade war between the US and China. Or imagine an increasingly aggressive European Union fighting climate change.

The simplest solution to enact both would be a carbon tariff.
A carbon tariff would require every company to have a detailed provenance of the energy used to produce a good or service entering a border.

Love that iPhone case? It's price will depend on how much coal was burned in China to make it. More coal == more tariff == more cost.
Read 4 tweets
Chamath Palihapitiya Profile picture
6 Apr
I’m not an investor in @coinbase. I totally missed it. That said, I also got really lucky because many years earlier, I invested as an LP with an investor who owns a large stake.

What did I get wrong?
What did he get right?
They were investors in BTC with me but I didn’t get his incremental decision. I remember them talking to me about it and I was skeptical. My logic was that there was better convexity in Bitcoin itself.

“Why own the exchange when you can own the currency itself?”
As it turned out, there was an important secret hiding in plain sight:

Bitcoin was the first asset where you could own the protocol AND the companies built on top of it.

This unique feature is still poorly understood in crypto-land.
Read 5 tweets
Chamath Palihapitiya Profile picture
29 Mar
A quick recap of what's happened since early March highs in tech markets:

1. Fears of inflation have driven many institutional investors to the hills. They are unwinding trades that have worked for DECADES.
2. Factor rotation out of tech and into more defensive/cyclical stocks that tend to do better during times of inflation.

3. Commodities have spiked which tend to do better during inflation

4. Bonds have puked as yields have risen as they forecast inflation.
5. $1.9T stimulus bill; potential for $3T infrastructure bill and another several trillion stimulus bill in the offing will give inflation fears more juice.

6. Pensions and others are going through a big rebalancing through Q1 which isn't done.
Read 5 tweets
Chamath Palihapitiya Profile picture
26 Mar
Here is something I learned today:

1. 1979 was peak inflation. It was also when the gap between rich and poor was the smallest.

2. It was preceded by a big wealth inequality b/w rich and poor like today.

3. Solution started in late 1960s with LBJs war on poverty.
4. By investing aggressively in infrastructure, social programs and an economic safety net he evened the starting line.

5. As “poor” started to earn more, they spent more, driving commodities and inflation.

6. The “rich” did less well because financial assets were worth less.
7. Gap between “rich” and “poor” closed aggressively.

8. Big realization for me is government spending leads the way not private/capital markets.

9. In last month we’ve decided to spend $1.9T + $3T!!
Read 5 tweets

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